Who Uses the Offshore World

cr.ICIJ

cr.ICIJ

Secret records obtained by the International Consortium of Investigative Journalists (ICIJ) reveal tens of thousands of people in more than 170 countries and territories linked to offshore companies and trusts.

Key Finding:

  • Government officials and their families and associates in Azerbaijan, Russia, Canada, Pakistan, the Philippines, Thailand, Mongolia and other countries have embraced the use of covert companies and bank accounts.
  • The mega-rich use complex offshore structures to own mansions, yachts, art masterpieces and other assets, gaining tax advantages and anonymity not available to average people.
  • Many of the world’s top’s banks – including UBS, Clariden and Deutsche Bank – have aggressively worked to provide their customers with secrecy-cloaked companies in the British Virgin Islands and other offshore hideaways.
  • A well-paid industry of accountants, middlemen and other operatives has helped offshore patrons shroud their identities and business interests, providing shelter in many cases to money laundering or other misconduct.
  • Ponzi schemers and other large-scale fraudsters routinely use offshore havens to pull off their shell games and move their ill-gotten gains.Here are some examples from around the world:
    Georgia: Bidzina Ivanishvili,  Prime Minister 
    France: Jean-Jacques Augier, Publisher
    Mongolia: Bayartsogt Sangajav, Politician
    Venezuela: José Eliecer Pinto Gutiérrez, Army General
    Myanmar/Burma:Aye Zaw Win, Son-in-law of Burma’s former dictator Ne Win
    South Africa/Zimbabwe: Muller Conrad “Billy” Rautenbach
    Azerbaijan:Ilham Aliyev, Mehriban Aliyeva, Arzu Aliyeva and Leyla Aliyeva,Ruling family
    United States: Denise Rich, Songwriter
    Indonesia: Eka Tjipta Widjaja, Businessman
    Thailand: Potjaman Na Pombejra, Former Thai first lady
    Fiji: Fred Marafono ,Mercenary
    Canada: E.F. Anthony “Tony” Merchant,Trial lawyer
    Kazakhstan: Mukhtar Ablyazov, Businessman
    Philippines: Maria Imelda Marcos Manotoc ,Politician
    Kuwait: Sheik Sabah Jaber Al-Ali Al-Sabah and two relatives,Members of Kuwait’s ruling family
    Colombia: Tomás Uribe Moreno and Jerónimo Alberto Uribe Moreno,Businessmen
    Djibouti: Abdourahman “Charles” Boreh ,Businessman and politician
    Spain: Carmen Thyssen-Bornemisza, Art collector and philanthropist
    Ukrain: Dmytro Firtash, Businessman
    Pakistan: Moonis Elahi,Legislator
    Saudi Arabia: Hassan Mohammed and Fady Mohammed Jameel, Businessmen
    Malaysia: Mirzan Bin Mahathir, Businessman (Son of Mahathir Mohamad)
    Italy: Fabio Ghioni,Hacker
    Brazil: Clarice, Leo and Fabio Steinbruch, Businessmen
    India: Ravikant Ruia, Businessman
    Mexico: Dionisio Garza Medina, Businessman
    Greece: Apostolos Vakakis, Businessman
    Jordan: Suha, Omar and Aysha Shoman,Widow and children of one of Jordan’s richest families
    Tanzania: Mehbub Yusufali Manji, Businessman

    For more detail check it out from this link:
    http://www.icij.org/offshore/who-uses-offshore-world

    To see how ICIJ’s Project Team analyzed the offshore files, go to this link:
    http://www.icij.org/offshore/how-icijs-project-team-analyzed-offshore-files

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